ONGC crude oil sale

India’s ONGC starts production from its 5th oil well in KG basin in Krishna River

The production was initiated using a floating production, storage, and offloading (FPSO) vessel, which facilitates the transport and sale of associated gas. ONGC has also emphasised its commitment to achieving zero gas flaring, aligning with its environmental goals.

Modi Govt Deregulates Domestic Crude Oil Sale

NEW DELHI: The Union Cabinet on Wednesday approved the deregulation of the sale of domestically-produced crude oil. The move is expected to boost government revenues and the profits of oil producers. The decision will come into effect from October 1, 2022. The decision will give more marketing freedom to Exploration and Production Operators, Union minister […]